Descartes Acquires RouteView Technologies
– Descartes Systems Group, a global on-demand software-as-a-service logistics solutions provider, has acquired privately-held Burnsville, Minnesota-based RouteView Technologies, Inc.
RouteView provides technology solutions in a recurring revenue model to help small- and medium-sized organizations manage their delivery operations. RouteView’s map-based routing software combines with wireless/GPS and automated call-out technology to help numerous customers, particularly in the home delivery and distribution industries, with a comprehensive delivery management solution.
The purchase price for this acquisition was approximately USD 3.0 million in cash, plus up to an additional USD 0.5 million in cash if certain sales targets are met by RouteView. In addition, Descartes anticipates the final purchase price will include transaction costs incurred in connection with the acquisition and an adjustment relating to net working capital assumed.
For more information visit http://www.RouteView.com